Daily Debrief: What Happened Today

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Singapore launches S$45m marketing blitz to boost domestic tourism

SOME S$45 million has been set aside for a nine-month campaign touting "mini-holidays" for locals - including in districts such as Chinatown, Little India, Orchard Road and Sentosa.

MAS fines Asiaciti Trust S$1.1m over money laundering breaches

MAS said Asiaciti Trust (ATSPL) committed various "serious breaches" spanning over a decade, including failing to monitor higher-risk customers more stringently.

CAAS, EASA to coordinate health safety measures for air travel between Singapore, Europe

THE Civil Aviation Authority of Singapore (CAAS) and the European Union Aviation Safety Agency (EASA) have concluded a memorandum of cooperation (MOC) on aviation health safety measures in relation to the Covid-19 pandemic.

Singapore government agencies commit S$40m to National Innovation Challenges

ENTERPRISE Singapore (ESG), the Infocomm Media Development Authority (IMDA) and the National Research Foundation (NRF) have dedicated S$40 million in funding to National Innovation Challenges (NICs).

Singapore banks' upcoming dividends may be cut amid capital review: analyst

DIVIDEND cuts by Singapore banks may happen "as early as" the upcoming payout to be announced in the second quarter, with the regulator reviewing banks' capital plans amid prolonged economic uncertainty.

Sembcorp, SMM proposal to bring 'tangible' benefits; public shareholders get deciding say

THE massive two-part proposal that will see Sembcorp Industries (SCI) and Sembcorp Marine (SMM) parting ways will meet the loss-making marine unit's "critical" liquidity needs, strengthen both companies' financial positions and is in the best interest of shareholders.

Chief executive of CDL's hotel arm quits after four months

CLARENCE Tan, 52, the group chief executive officer (CEO) of mainboard-listed City Developments Limited's (CDL) hotel arm, Millennium & Copthorne Hotels (M&C), has resigned after four months in the position.

Corporate earnings

The STI today

Surge in Covid-19 cases weigh on markets, STI down 1.3%

THE Straits Times Index (STI) fell 34.92 points, or 1.3 per cent, to 2,594.53